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Add as a preferred source on GoogleShell Agrees to Acquire 30% Stake in Canada’s Bay du Nord Project
Equinor will retain a 70% interest in the offshore oil project and remain its operator.
Shell has agreed to acquire a 30% interest in Canada’s Bay du Nord oil project, giving Equinor a 70% stake and leaving it as the project’s operator.
The transaction establishes Shell as a partner in the project while Equinor retains majority ownership and operational control.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.